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On January 1, 2021, the Aliegheny Corporation purchased equipment for $343,000. The estimated service life of the equipment is 10 years and the estimated residual

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On January 1, 2021, the Aliegheny Corporation purchased equipment for $343,000. The estimated service life of the equipment is 10 years and the estimated residual value is $24,000. The equipment is expected to produce 296,000 units during its life. Required: Calculate depreciation for 2021 and 2022 using each of the following methods Exercise 11-4 (Algo) Part 3 3. Assume instead the equipment was purchased on October 1, 2021. Calculate depreciation for 2021 and 2022 using each of the fwo methods Partial-year depreciation is calculated based on the number of months the asset is in service. (Do not round Intermediate onswers and round your answers to the nearest whole dollar amount.)

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